When it comes to applying for life insurance, not everyone will be able to qualify for coverage easily. This is because in some cases, especially if the applicant has certain types of health related conditions, the insurance company may deem him or her to be riskier regarding a potential future claim. If the company decides that you’re too high or a risk, they are going to reject your application or charge you premiums that are through the roof.
This may be the case with someone who has diabetes, as this particular condition could lead to riskier health issues such as kidney disease, heart attack, and stroke – conditions that could essentially be fatal if one’s diabetes is not properly managed or controlled.
The good news is that today, there are many more options that are available for life insurance for diabetes coverage. One reason for this is because of the advances in medical technology. Another is because, what many people do not realize, is that all life insurance companies do not underwrite applicants in the same manner. Therefore, finding a carrier that is more apt to take on someone who has this condition, and who uses DPP-4 inhibitors, can still lead to obtaining the coverage that you need.
Life insurance is one of the most important purchases that you’ll ever make for your loved ones. Life insurance is one of the few ways that you can ensure that your family will have the money that they need, regardless of what happens to you. When you apply for life insurance coverage, the company is going to look at dozens of different factors to decide how much they are going to charge you every month. One of the biggest factors that they are going to look at is your health.
If you have diabetes, you may assume that you can’t get affordable life insurance protection, but that couldn’t be further from the truth. There are several ways that you can get cheap life insurance that will give your family the coverage that they deserve.
This article is going to look at the different ways that a person with diabetes can get affordable life insurance protection. Hopefully, this post will answer any questions that you have about DPP-4 Inhibitors are going to impact your life insurance coverage.
How DPP-4 Inhibitors Can Affect Your Life Insurance Application
DPP-4 inhibitors are a somewhat newer class of oral medications that are taken for the management and control of diabetes. Some of the trade names under which DPP-4 inhibitors are sold under include Januvia, Galvus, Tradjenta, and Onglyza.
These medications also referred to as gliptins, are typically prescribed for those who have type 2 diabetes, and who have also not responded well to medications such as sulphonylureas and metformin.
Using a DPP-4 inhibitor can help an individual with losing weight, as well as with a decrease in their blood glucose level. These medications have, however, also been associated with a higher rate of pancreatitis in those who use them.
DPP-4 inhibitors work by blocking the action of DPP-4. This is an enzyme that destroys a group of gastrointestinal hormones called incretins, which help in the stimulation of insulin production when it is needed – such as after eating – and then reduce the production of glucagon by a person’s liver when it is not needed – such as during digestion. DPP-4 inhibitors can also help to slow down one’s digestion and decrease appetite. Therefore, by protecting incretins from damage, these inhibitors can essentially help with regulating an individual’s blood glucose levels.
What the Life Insurance Company’s Underwriters Will Want to Know About You
When applying for life insurance coverage, it is important that the underwriters know as much as possible about your health – which includes any health conditions that you may have, as well as any medications that you may take for the control and / or the management of that condition.
All applicants for life insurance are typically required to fully complete an application for coverage. Here, you will need to provide information such as your name and contact information, as well as details regarding your:
- Smoking Status / Tobacco Usage
- Height and Weight
- Marital Status
- Occupation and Income Level
- Foreign Travel Frequency
- Other Life Insurance Coverage (and Amount)
- Prescription Medication(s) Taken
- Health History
- Family Health History
You will also likely be required to undergo a medical exam where you will need to submit a blood and urine sample. This exam will only take about 30 minutes, and will take place either in your home or in another convenient location.
In many instances, with those who have a health issue such as diabetes and take DPP-4 inhibitors or other similar medications, the life insurance underwriters will typically want to review your medical records from your primary care physician and / or from any specialist that you see.
After the insurance company has received and reviewed all of your information, then it will be able to make a clearer decision regarding your life insurance coverage, as well as a determination regarding the premium price.
How Much Will Your Insurance Coverage Cost?
If you have diabetes, and you currently are taking a DPP-4 inhibitor for the management or control of your health condition, then the cost of your life insurance coverage will be dependent on a number of different factors. The good news is, however, that if you are otherwise in good health, then you could still possibly qualify for a Standard life insurance policy – and, if that is the case, then your premium rates could be in line with those of an average policy holder of your same age and gender.
However, if it is deemed that your health may pose certain risks to the life insurance company, then it is possible that you would be instead placed into a Substandard class. If this is the case, then the premium on your policy would be higher.
If, due to your health, the insurer declines your application for coverage, then you may still be able to qualify for life insurance by applying for a no medical exam policy. With these policies, there is no medical exam that is necessary as a part of the underwriting process. Therefore, individuals who have certain health issues may be more likely to qualify. Because of this higher risk to the insurer, however, the premiums on these plans are much higher.
Where to Find the Best Quotes on Life Insurance for Diabetics on DPP-4 Inhibitors
If you are diabetic and take a DPP-4 inhibitor, we can help you to find the life insurance coverage that you need. We work with many of the top insurance carriers in the industry that will work with type 1 diabetics and type 2 diabetics – and are familiar with which companies are more apt to underwrite those who have diabetes. When you are ready to move forward, fill out the form on this page and you will receive your initial set of quotes.
The best way to ensure that you’re getting the best life insurance for your family is to compare dozens and dozens of quotes before you decide which policy is best for you. Every insurance company is different, and all of them are going to give you drastically different rates depending on their medical underwriting and rating system. Finding the perfect company could be the difference in getting an affordable plan or paying for an expensive policy. As an applicant with diabetes, it can be difficult to find a cheap plan, but that’s where our independent insurance agent comes in.
Unlike a traditional insurance agent, independent brokers work with dozens of highly rated companies across the nation. Our independent agents work with some of the best companies across the nation, and they can bring all of the best insurance rates directly to you. Don’t waste hours and hours calling companies, let one of our agents do all of that hard work for you.
Should you have any questions along the way, please feel free to contact us directly. We can be reached via phone, toll-free, by dialing 87-801-4402 We understand that you may have been turned down in the past for coverage – but today, there are many more options that are available to you. So, contact us today – we’re here to help.
You never know what’s going to happen tomorrow, which means that you shouldn’t wait any longer to get the insurance protection that your family deserves. If something tragic were to happen to you, and you didn’t have life insurance, your family would be responsible for all of your bills and other final debts. Losing someone that you love is never going to be easy, but being left with a massive hole of debt is going to make the situation that much worse.